Wynn Resorts, Limited Reports Third Quarter 2013 Results
Press Release: Wynn Resorts, Limited – 1 hour 59 minutes ago
LAS VEGAS--(BUSINESS WIRE)--
Wynn Resorts, Limited ( WYNN) today reported financial results for the third quarter ended September 30, 2013.
Net revenues for the third quarter of 2013 were $1,390.1 million, compared to $1,298.5 million in the third quarter of 2012. The increase was driven by a 9.6% revenue increase from our Macau operations and 1.1% higher revenues from our Las Vegas operations. Adjusted property EBITDA (1) was $435.6 million for the third quarter of 2013, an 8.2% increase from $402.6 million in the third quarter of 2012.
On a US GAAP basis, net income attributable to Wynn Resorts for the third quarter of 2013 was $182.0 million, or $1.79 per diluted share, compared to a net income attributable to Wynn Resorts of $112.0 million, or $1.11 per diluted share in the third quarter of 2012.
Adjusted net income attributable to Wynn Resorts (2) in the third quarter of 2013 was $187.0 million, or $1.84 per diluted share (adjusted EPS), compared to an adjusted net income attributable to Wynn Resorts of $149.2 million, or $1.48 per diluted share in the third quarter of 2012.
Wynn Resorts also announced today that the Company has approved a cash dividend for the quarter of $1.00 per common share. This dividend will be payable on November 21, 2013, to stockholders of record on November 7, 2013.
.
Non-GAAP Financial Measures
shows the Notes (1) and (2)
finance.yahoo.com
in the conf call, Steve Wynn says "we're more popular in Everett than the Red Sox." |
